Product snapshot: Wilgenhaege, BNP Paribas renew Phoenix acquaintance

Wilgenhaege is distributing its second ever Phoenix autocall in the Netherlands. The asset manager’s Easy Coupon is linked to the shares of ASM International (ASMI) and Danone. It offers a memory coupon of minimum 11.8% pa, providing both shares do not fall below 80% of their respective starting levels on the annual valuation date. BNP Paribas is the issuer. Even if things don’t go well for a year, there is always the ‘memory’ feature - Tjerk Smelt The product is le